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View Diary: Closely-Watched Court Decision Breaks Bad for Wall St. Has A Day of Reckoning Arrived? (154 comments)

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  •  Wrong (0+ / 0-)

    We didn't buy a house and we certainly could have. I know many people who also could have, but didn't.

    Don't spin this as "everyone was doing it" to somehow justify (presumably) your own (and others) lack of critical thinking skills. Get this straight: No, everyone who could did NOT buy a house during the bubble.

    Were some/many bamboozled by scheming banks and brokers? Absolutely. Does that absolve all borrowers from their responsibility to use common sense and evaluate whether or not a deal that seemed to good to be true was, in fact, too good to be true? No, fuck that.

    •  Wrong what? (6+ / 0-)

      Your own critical thinking and not to mention reading skills are lacking. Did you see the sentence:

      I think there was actual inducement although of course the buyers bear responsibility as well.
      As to me "spinning" the rampant, obvious corruption of several industries in order to "justify" my own "lack of critical thinking skills", I personally was completely untouched in the housing and mortgage crisis, but thanks for your sanctimonious and judgmental preconceptions delivered while congratulating your own prudence.

      There were people involved in these transactions who were professional, licensed people who were deemed to have the ability, training and responsibility to determine who in the general public was worthy of giving both public and private dollars to and who could make these determinations so accurately that actual bonds could be issued based on their judgements. Hint - these  people were NOT the buyers, they were the bankers.

      “Human kindness has never weakened the stamina or softened the fiber of a free people. A nation does not have to be cruel to be tough.” FDR

      by Phoebe Loosinhouse on Wed Feb 06, 2013 at 05:49:13 PM PST

      [ Parent ]

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